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Financial markets reeling after France and Greece elections

Publié par Clifford Armion le 05/07/2012

Staff and agencies

Asian stock markets have been pummelled by election results in France and Greece that heightened uncertainty about Europe's ability to solve its debt crisis.

The results threaten the fragile political consensus that has kept Europe's currency bloc intact through more than two years of crisis and raise pressure on Germany to take a more growth-oriented approach to the crisis.

Signs of a faltering economic recovery in the US compounded the dour mood while oil slid below $97 a barrel. Japan's Nikkei 225 index plunged 2.6% to 9,134.26 and Hong Kong's Hang Seng slid 2.4% to 20,582.24.

The Australian dollar fell to a four-month low near $1.0111 against the US dollar on Monday while the euro fell to its lowest since 25 January of $1.2955.
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Pour citer cette ressource :

"Financial markets reeling after France and Greece elections", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), juillet 2012. Consulté le 24/09/2021. URL: http://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/financial-markets-reeling-after-france-and-greece-elections